Retail Investment Opportunity, 8 Cap!

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30744487
Property Subtypes: Convenience Store, Day Care Facility, Mixed Use, Post Office, Retail-Pad, Street Retail, Other
Status: Pending
Building Size (RSF): 5,720 SF
Sale Price: $284,999 - 285,000
Unit Price: $49.83 PSF
Property Use Type: Investment
Building Name: Mcmeehan Building
Usable Size (USF): 4,340 SF
Sale Terms: Undisclosed
Cap Rate: 7.8%
Last Updated: 7/22/2021

Overview / Comments

5 Prime retail locations. Leases in place, as well as month to month rents.
Stores include:
Sub Station Laundry Matt, Vacant corner Spot (324), antique store, Blue Wave Poetics (Recording studio, 2 year lease), and an engineer!

Current Tenants

Tenant Business Name Dry Cleaners
Is Renting? Yes
Tenant Business Name Vacant 324 (Corner Spot)
Tenant Business Name Antique Store
Tenant Business Name Blue Wave Poetics
Tenant Business Name Engineer

Additional Details

Nearest MSA: Providence-Warwick
County: Providence
Zoning: C2
Retail Clientele: General
Property Located Between: Centre Street, Roger Williams Ave
Largest Nearby Street: North Broadway
Highway Access: Nearby
Parking Description: On street parking, as well as the park across the street. Includes about 10-15 spots.

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,683 140,993 391,003
Median Age: 43.06 35.66 35.29
Households: 5,114 54,674 149,103


Photograph of Listing Agent

Michael A Alves

Keller Williams Realty Leading
ECCPN Member
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